It works for Mortgage Brokers who want to improve their clients score and consumers who want to improve their credit score.

I am new at this and have consumed a significant amount of information over the last month or so.When I consider the BRRRR method and use the rental property calculator, the whole process revolves around Hard Money Loan and rehabilitation and renter installed to ultimately refinance.

This also protects you from dying trees, etc, and tenant is responsible for keeping it healthy/nice.Good luck!

Hello all, I'm getting into real estate investing and have been consuming all things BP. 

Hi BP, A little back story on my situation. My friends aunt passed and her family is now going through probate. They will everntually have to sell the home. they offered me the home for 500k and on market would be abo...

Hard money lenders are used to private loans, have vetted paperwork, and can evaluate the property, your lender, and you to make sure this deal makes sense for all and that everyone is adequately protected.

My idea was going to be to add a partition wall to split the garage so each tenant had the own side as well as added privacy / protection.

Most people setup an LLC for this for the added level of liability protection. 

I have tenants that I could give max allowed rent increase and they would still be below market rent and it is not easy to catch back up with the market rent.The rent increase you are considering (3% to 5%) should occur to protect your investment. 

Do you think your unlicenced, uninsured, amateur would have paid rent when the units could not be rented as an STR.Your "tenant", the person arbitraging, during COVID could potentially not pay claiming COVID impact (and they would not be lying as COVID reduced their STR income) and could potentially be protected from COVID anti-eviction moratoriums.Our market recently passed a STR quota.